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Originally Posted by dtw
Len - Rick beat me to it. Dead on.
Just curious - any $ value on their subprime holdings? Willing to bet they are immaterial.
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I'll do some research but let's remember you didn't think they had any at all. The article claimed 200 billion. Is that immaterial?
"The subprime mortgage bonds that Fannie Mae and Freddie Mac hold may have lost $4.7 billion in value, two Citigroup analysts, Brett Rose and Scott Peng, estimated in a report last week. The figures were based on reported holdings of $58 billion for Fannie Mae and $124 billion for Freddie Mac in December."